Looks like patience paid off if you bought that dip. Touched right down at the 20 day moving average. My thoughts it will follow the 20 day right up, test highs, then on to 250 next.
Strong breakout through the $224 high, Bollinger opened right up, think we are heading towards $248 resistance. Seems like market likes the news of FB shops... FB say it will work with partners like Shopify, but to me seems more like a competitor. Amazon seemed mostly unfazed by covid, so seems like this move will help hedge against the unknown moving forward. ...
See lot of analysts weighing in today, lots of buys but lowering estimates to account for all this.
Major support below, likely bounce??? otherwise if we break through this, I guess watch out... :(
"If" we see more downside in coming weeks, we are near a major support.
I think this marks top today, it should move down fast if past is any indicating of the future.